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Side-by-side financial comparison of Maplebear Inc. (CART) and Life Time Group Holdings, Inc. (LTH). Click either name above to swap in a different company.
Maplebear Inc. is the larger business by last-quarter revenue ($992.0M vs $745.1M, roughly 1.3× Life Time Group Holdings, Inc.). Life Time Group Holdings, Inc. runs the higher net margin — 16.5% vs 8.2%, a 8.3% gap on every dollar of revenue. On growth, Maplebear Inc. posted the faster year-over-year revenue change (12.3% vs 12.3%). Maplebear Inc. produced more free cash flow last quarter ($171.0M vs $-64.6M). Over the past eight quarters, Life Time Group Holdings, Inc.'s revenue compounded faster (11.7% CAGR vs 10.0%).
Maplebear Inc., doing business as Instacart, is an American retail media and delivery company based in San Francisco that operates a grocery delivery and pick-up service in the United States and Canada accessible via a website and mobile app. It allows customers to order groceries, and alcohol where legal, from participating retailers with the shopping being done by a personal shopper, who picks, packs, and delivers the order.
Life Time Group Holdings, Inc. operates a network of premium athletic, fitness and wellness destinations across the United States. It offers diverse services including state-of-the-art gym facilities, group exercise classes, personal training, spa treatments, nutrition coaching, youth programs and co-working spaces for consumers pursuing holistic healthy lifestyles.
CART vs LTH — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $992.0M | $745.1M |
| Net Profit | $81.0M | $123.0M |
| Gross Margin | 72.3% | 49.1% |
| Operating Margin | 9.9% | 17.4% |
| Net Margin | 8.2% | 16.5% |
| Revenue YoY | 12.3% | 12.3% |
| Net Profit YoY | -45.3% | 231.0% |
| EPS (diluted) | $0.31 | $0.55 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $992.0M | $745.1M | ||
| Q3 25 | $939.0M | $782.6M | ||
| Q2 25 | $914.0M | $761.5M | ||
| Q1 25 | $897.0M | $706.0M | ||
| Q4 24 | $883.0M | $663.3M | ||
| Q3 24 | $852.0M | $693.2M | ||
| Q2 24 | $823.0M | $667.8M | ||
| Q1 24 | $820.0M | $596.7M |
| Q4 25 | $81.0M | $123.0M | ||
| Q3 25 | $144.0M | $102.4M | ||
| Q2 25 | $116.0M | $72.1M | ||
| Q1 25 | $106.0M | $76.1M | ||
| Q4 24 | $148.0M | $37.2M | ||
| Q3 24 | $118.0M | $41.4M | ||
| Q2 24 | $61.0M | $52.8M | ||
| Q1 24 | $130.0M | $24.9M |
| Q4 25 | 72.3% | 49.1% | ||
| Q3 25 | 73.7% | 47.1% | ||
| Q2 25 | 74.2% | 47.0% | ||
| Q1 25 | 74.8% | 47.5% | ||
| Q4 24 | 75.2% | 48.2% | ||
| Q3 24 | 75.2% | 46.5% | ||
| Q2 24 | 75.7% | 46.8% | ||
| Q1 24 | 74.9% | 46.1% |
| Q4 25 | 9.9% | 17.4% | ||
| Q3 25 | 17.7% | 17.3% | ||
| Q2 25 | 13.6% | 14.2% | ||
| Q1 25 | 12.3% | 15.2% | ||
| Q4 24 | 17.6% | 13.1% | ||
| Q3 24 | 16.2% | 13.5% | ||
| Q2 24 | 6.3% | 15.7% | ||
| Q1 24 | 17.6% | 12.1% |
| Q4 25 | 8.2% | 16.5% | ||
| Q3 25 | 15.3% | 13.1% | ||
| Q2 25 | 12.7% | 9.5% | ||
| Q1 25 | 11.8% | 10.8% | ||
| Q4 24 | 16.8% | 5.6% | ||
| Q3 24 | 13.8% | 6.0% | ||
| Q2 24 | 7.4% | 7.9% | ||
| Q1 24 | 15.9% | 4.2% |
| Q4 25 | $0.31 | $0.55 | ||
| Q3 25 | $0.51 | $0.45 | ||
| Q2 25 | $0.41 | $0.32 | ||
| Q1 25 | $0.37 | $0.34 | ||
| Q4 24 | $0.53 | $0.17 | ||
| Q3 24 | $0.42 | $0.19 | ||
| Q2 24 | $0.20 | $0.26 | ||
| Q1 24 | $0.43 | $0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $687.0M | $204.8M |
| Total DebtLower is stronger | — | $1.5B |
| Stockholders' EquityBook value | $2.5B | $3.1B |
| Total Assets | $3.7B | $8.0B |
| Debt / EquityLower = less leverage | — | 0.48× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $687.0M | $204.8M | ||
| Q3 25 | $1.7B | $218.9M | ||
| Q2 25 | $1.6B | $175.5M | ||
| Q1 25 | $1.6B | $59.0M | ||
| Q4 24 | $1.4B | $10.9M | ||
| Q3 24 | $1.3B | $120.9M | ||
| Q2 24 | $1.4B | $34.5M | ||
| Q1 24 | $1.5B | $18.6M |
| Q4 25 | — | $1.5B | ||
| Q3 25 | — | $1.5B | ||
| Q2 25 | — | $1.5B | ||
| Q1 25 | — | $1.5B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.7B | ||
| Q2 24 | — | $1.8B | ||
| Q1 24 | — | $2.0B |
| Q4 25 | $2.5B | $3.1B | ||
| Q3 25 | $3.5B | $3.0B | ||
| Q2 25 | $3.3B | $2.9B | ||
| Q1 25 | $3.2B | $2.7B | ||
| Q4 24 | $3.1B | $2.6B | ||
| Q3 24 | $2.9B | $2.6B | ||
| Q2 24 | $3.0B | $2.4B | ||
| Q1 24 | $3.1B | $2.3B |
| Q4 25 | $3.7B | $8.0B | ||
| Q3 25 | $4.5B | $7.8B | ||
| Q2 25 | $4.4B | $7.6B | ||
| Q1 25 | $4.3B | $7.3B | ||
| Q4 24 | $4.1B | $7.2B | ||
| Q3 24 | $3.9B | $7.2B | ||
| Q2 24 | $4.0B | $7.1B | ||
| Q1 24 | $4.1B | $7.1B |
| Q4 25 | — | 0.48× | ||
| Q3 25 | — | 0.51× | ||
| Q2 25 | — | 0.53× | ||
| Q1 25 | — | 0.56× | ||
| Q4 24 | — | 0.59× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.78× | ||
| Q1 24 | — | 0.87× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $183.0M | $239.9M |
| Free Cash FlowOCF − Capex | $171.0M | $-64.6M |
| FCF MarginFCF / Revenue | 17.2% | -8.7% |
| Capex IntensityCapex / Revenue | 1.2% | 40.9% |
| Cash ConversionOCF / Net Profit | 2.26× | 1.95× |
| TTM Free Cash FlowTrailing 4 quarters | $910.0M | $-21.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $183.0M | $239.9M | ||
| Q3 25 | $287.0M | $251.1M | ||
| Q2 25 | $203.0M | $195.7M | ||
| Q1 25 | $298.0M | $183.9M | ||
| Q4 24 | $153.0M | $163.1M | ||
| Q3 24 | $185.0M | $151.1M | ||
| Q2 24 | $244.0M | $170.4M | ||
| Q1 24 | $105.0M | $90.4M |
| Q4 25 | $171.0M | $-64.6M | ||
| Q3 25 | $272.0M | $28.6M | ||
| Q2 25 | $187.0M | $-26.3M | ||
| Q1 25 | $280.0M | $41.4M | ||
| Q4 24 | $141.0M | $26.8M | ||
| Q3 24 | $171.0M | $64.0M | ||
| Q2 24 | $220.0M | $26.1M | ||
| Q1 24 | $91.0M | $-66.4M |
| Q4 25 | 17.2% | -8.7% | ||
| Q3 25 | 29.0% | 3.7% | ||
| Q2 25 | 20.5% | -3.5% | ||
| Q1 25 | 31.2% | 5.9% | ||
| Q4 24 | 16.0% | 4.0% | ||
| Q3 24 | 20.1% | 9.2% | ||
| Q2 24 | 26.7% | 3.9% | ||
| Q1 24 | 11.1% | -11.1% |
| Q4 25 | 1.2% | 40.9% | ||
| Q3 25 | 1.6% | 28.4% | ||
| Q2 25 | 1.8% | 29.2% | ||
| Q1 25 | 2.0% | 20.2% | ||
| Q4 24 | 1.4% | 20.6% | ||
| Q3 24 | 1.6% | 12.6% | ||
| Q2 24 | 2.9% | 21.6% | ||
| Q1 24 | 1.7% | 26.3% |
| Q4 25 | 2.26× | 1.95× | ||
| Q3 25 | 1.99× | 2.45× | ||
| Q2 25 | 1.75× | 2.71× | ||
| Q1 25 | 2.81× | 2.41× | ||
| Q4 24 | 1.03× | 4.39× | ||
| Q3 24 | 1.57× | 3.65× | ||
| Q2 24 | 4.00× | 3.23× | ||
| Q1 24 | 0.81× | 3.63× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CART
| Transaction | $698.0M | 70% |
| Advertising And Other | $294.0M | 30% |
LTH
| Membership | $535.1M | 72% |
| In Center | $191.2M | 26% |
| Other | $18.8M | 3% |
